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Jul 26, 2011
07/11
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guest: reid has $1.4 trillion in anticipated cuts from the war in afghanistan and iran. that is something that has already been considered. that is not a real cut predellas already considered before. we thought that we were going to make the spending cuts earlier. so when he throws that end, it is a nonstarter. you'd take that $1.4 trillion yen has cut would only be $1.3 trillion grid and yet they would increase the debt ceiling by almost double that. we believe you do not increase the debt ceiling more than the spending cuts. that just takes us down the same road we have been on, spend more money that you take in, run the printing presses, and keep spending money. host: there are a number conservatives from the house republican study committee that says the speaker does not have my vote. i will not vote for this latest proposal. you so that you're leaning toward yes. what is your bayh's to these younger members, these freshmen members? guest: we're going to sit down as a conference and talk about this. i am one of the founders of the republican study committee. recall t
guest: reid has $1.4 trillion in anticipated cuts from the war in afghanistan and iran. that is something that has already been considered. that is not a real cut predellas already considered before. we thought that we were going to make the spending cuts earlier. so when he throws that end, it is a nonstarter. you'd take that $1.4 trillion yen has cut would only be $1.3 trillion grid and yet they would increase the debt ceiling by almost double that. we believe you do not increase the debt...
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Jul 26, 2011
07/11
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the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't agree with all aspects of this proposed solution. but we're not going to have 100 solutions on this floor. we're going to have one that we can vote on. i wish this would have included new revenue, especially by ending such costly and outdated tax benefits as those still enjoyed by the biggest oil companies to help us pay off our debt even more quickly. i'd like to help pay for the debt incurred by the inexcusable earlier decisions to enter two wars without paying for them. and i continue to believe the surcharge for the wealthiest would mean that they would pay more of their fair share after so ma
the american people would begin to recognize these savings from withdrawing from iraq and afghanistan. and essential education, job creation, housing, and environmental investments where america's economic recovery and for our strong economic future would be protected from the slashing cuts proposed by the house republicans. the irony is, republican leaders previously have backed all the spending reductions called for in leader reid's plan. now, i don't agree -- and i suspect all of us don't...
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104
Jul 26, 2011
07/11
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brave men and women in uniform who have given their lives in the service of our nation in iraq and afghanistan and their families and of all who serve in our armed forces and their families. the chair: without objection, two-minute voting will continue. the unfinished business is the request for a railroaded -- vord -- recorded vote on amendment number 2 by the gentleman from illinois, mr. rush, on which further proceedings were postponed, on which the noes prevailed by voice vote. the clerk will redesignate the amendment. the clerk: amendment number 2 printed in house report 112-181, offered by mr. rush of illinois. the chair: a recorded vote has been requested. a sufficient number having risen, a recorded vote is ordered. this will be a two-minute vote, followed by a series of additional two-minute votes. [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. any use of the closed-captioned coverage of the house proceedings for political or commercial purposes is expressly prohibited by the u.s. house of represent
brave men and women in uniform who have given their lives in the service of our nation in iraq and afghanistan and their families and of all who serve in our armed forces and their families. the chair: without objection, two-minute voting will continue. the unfinished business is the request for a railroaded -- vord -- recorded vote on amendment number 2 by the gentleman from illinois, mr. rush, on which further proceedings were postponed, on which the noes prevailed by voice vote. the clerk...
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Jul 26, 2011
07/11
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whether it is the war in iraq, afghanistan, gas prices. oil in the gulf gulf, oil crisis, food crisis and now we have the disturbance across europe on the financial stability of some countries. so now it's our turn and we're up for that same financial scrutiny. i think they're trying to tie two things into one bag when they should be addressing one at a time. the issue at hand is addressing the debt ceiling which allows us to get our house in order. it should not be entrapment where either party is using the, off the backs of the workers, leverage to drive their personal interests, trying to drive a national crisis by linking the two issues together. they are distinctly separate. go ahead and raise the debt ceiling and then get the work with the same initiative and energy they're applying to this effort, to resolving the cap, the capping and then the reduction that is necessary to get to the, to the end that they both agree to. but to do it off the back of the fear of people with regards to entitlements or savings, or going to work tomorro
whether it is the war in iraq, afghanistan, gas prices. oil in the gulf gulf, oil crisis, food crisis and now we have the disturbance across europe on the financial stability of some countries. so now it's our turn and we're up for that same financial scrutiny. i think they're trying to tie two things into one bag when they should be addressing one at a time. the issue at hand is addressing the debt ceiling which allows us to get our house in order. it should not be entrapment where either...
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Jul 26, 2011
07/11
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part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion for the w is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trlion. and another thing that's scored in tt, since that $1 trillion in war costs is scored the wa
part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion...
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Jul 26, 2011
07/11
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cut $2.7 trillion over ten years and the expected savings from the drawdown from the wars in iraq and afghanistan is how they are calculating what they can save and the republicans are not happy about that and that is where the divide is. the real fight right now is trying to see where the winds are blowing with what is called the boehner plan. we don't know exactly when that vote will be taken, because there is a lot of head counting going on and maybe some arm twisting, too, to figure out if they can get it through. should it not pass, we are into another whole scenario of what to do next. >> kelly o'donnell on capitol hill. thanks. we want to bring in kristen welker at the white house. kristen, jay carney, the white house press secretary says that he does not believe that the default will happen. as we hear from the two sides both agreeing that the debt limit needs to be raised, it is inevitab inevitable. >> it is the one thing that all sides can agree on here, and you are right, the press secretary jay carney says he has complete faith that the debt ceiling will be raised by next week, but th
cut $2.7 trillion over ten years and the expected savings from the drawdown from the wars in iraq and afghanistan is how they are calculating what they can save and the republicans are not happy about that and that is where the divide is. the real fight right now is trying to see where the winds are blowing with what is called the boehner plan. we don't know exactly when that vote will be taken, because there is a lot of head counting going on and maybe some arm twisting, too, to figure out if...